SMITHS FALLS, ON, Feb. 14, 2018 /CNW/ - Canopy Growth
Corporation (TSX: WEED) ("Canopy Growth" or the "Company") today
announced that it has signed a letter of intent with the Société
des alcools du Québec ("SAQ") to provide the Quebec market with 12,000 kilos of
high-quality cannabis annually.
This announcement marks Canopy Growth's fourth and largest
provincial supply agreement to-date, following previous agreements
with the Provinces of New
Brunswick, Newfoundland and
Labrador, and Prince Edward Island. Three provinces have now
announced supply arrangements with Licensed Producers, all of which
include Canopy Growth. The Company now has more supply commitments
than any other Licensed Producer in the country.
"We've made major investments in the Province of Québec and feel
honoured to be chosen to supply the country's second-largest
province, and a region we call home, with our wide variety of
cannabis products," said Mark
Zekulin, President, Canopy Growth. "Signing this letter of
intent with SAQ further establishes our dedication to the region
and our level of commitment to providing adult consumers in Québec
with safe, high-quality cannabis."
Canopy Growth has established a large presence in Québec with
the acquisition of Vert Cannabis in Saint Lucien, Québec, and the recent
introduction of Vert Mirabel, a Joint Venture with Les
Serres Stéphane Bertrand Inc., a large-scale tomato greenhouse
operator in Mirabel, Québec.
Here's to Future Growth
About Canopy Growth Corporation
Canopy Growth is a
world-leading diversified cannabis and hemp company, offering
distinct brands and curated cannabis varieties in dried, oil and
Softgel capsule forms. From product and process innovation to
market execution, Canopy Growth is driven by a passion for
leadership and a commitment to building a world-class cannabis
company one product, site and country at a time.
Canopy Growth has established partnerships with leading sector
names including cannabis icon Snoop Dogg, breeding legends DNA
Genetics and Green House seeds, and Fortune 500 alcohol leader
Constellation Brands, to name but a few. Canopy Growth
operates seven cannabis production sites with over 665,000 square
feet of production capacity, including over 500,000 square feet of
GMP-certified production space. The Company has operations in seven
countries across four continents. The Company is proudly dedicated
to educating healthcare practitioners, conducting robust clinical
research, and furthering the public's understanding of cannabis,
and through its partly owned subsidiary, Canopy Health Innovations,
has devoted millions of dollars toward cutting edge,
commercializable research and IP development. Through partly owned
subsidiary Canopy Rivers Corporation, the Company is providing
resources and investment to new market entrants and building a
portfolio of stable investments in the sector. From our historic
public listing to our continued international expansion, pride in
advancing shareholder value through leadership is engrained in all
we do at Canopy Growth. For more information
visit www.canopygrowth.com
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achievements of Canopy Growth Corporation, its subsidiaries, or its
affiliates to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Examples of such statements include
future operational and production capacity, the impact of enhanced
infrastructure and production capabilities, and forecasted
available product selection. The forward-looking statements
included in this news release are made as of the date of this news
release and Canopy Growth Corporation does not undertake an
obligation to publicly update such forward-looking statements to
reflect new information, subsequent events or otherwise unless
required by applicable securities legislation.
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SOURCE Canopy Growth Corporation